Look At What Is Fueling The Rally As Gold & Silver Remain On A Tear
Look at what is fueling the rally as the gold and silver markets remain on a tear.
Look at what is fueling the rally as the gold and silver markets remain on a tear.
Trading on the Japanese TOCOM has kicked off with a bang so far in early trading as the price of silver has spiked another 6%, nearing the $23 level.
The last time the silver price did this was 10 years ago!
Today Alasdair Macleod spoke with King World News about the real reason why silver is up over 6% today, plus gold sees massive breakout.
With the price of silver surging $1.22, now trading above $21 and gold breaking out, gold will now test the all-time high, new silver target, and mining stocks – you haven’t seen anything yet.
On the heels of silver breaking out, US dollar worries are sending the price of gold higher.
As the price of silver breaks out today, a massive short squeeze may be in the works as Sprott Silver Trust has just filed to raise $1.5 billion to purchase physical silver, which is a jaw-dropping 8.8% of annual global production.
Gold has now broken out! Silver is attempting to break out, how times have changed, plus a stunning chart.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors there is a massive shortage of physical gold in the futures markets and LBMA system.
Bullion banks desperately need a big shakeout in the gold market as their gross short position in the gold market is now at a record $38 billion, plus a major turning point for silver bulls.